Catalyst Capital Advisors LLC Sells 63,712 Shares of Campbell Soup Company (CPB)
Catalyst Capital Advisors LLC trimmed its holdings in shares of Campbell Soup Company (NYSE:CPB) by 68.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company’s stock after selling 63,712 shares during the period. Catalyst Capital Advisors LLC’s holdings in Campbell Soup were worth $1,404,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Motco raised its stake in shares of Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after buying an additional 1,600 shares during the last quarter. First Personal Financial Services raised its stake in shares of Campbell Soup by 180.9% during the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock worth $125,000 after buying an additional 1,724 shares during the last quarter. Mercer Capital Advisers Inc. raised its stake in shares of Campbell Soup by 13.6% during the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock worth $176,000 after buying an additional 405 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Campbell Soup during the third quarter worth approximately $175,000. Finally, Victory Capital Management Inc. raised its stake in shares of Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock worth $195,000 after buying an additional 213 shares during the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on CPB shares. Piper Jaffray Companies set a $50.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Deutsche Bank AG restated a “hold” rating and set a $51.00 price objective (down previously from $58.00) on shares of Campbell Soup in a report on Friday, September 1st. Goldman Sachs Group, Inc. (The) decreased their price objective on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a report on Sunday, September 3rd. Finally, Royal Bank Of Canada set a $56.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a report on Wednesday, October 25th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Campbell Soup has an average rating of “Hold” and an average target price of $50.45.
Campbell Soup Company (CPB) traded up $0.21 during trading on Tuesday, hitting $49.93. 6,011,900 shares of the stock traded hands, compared to its average volume of 1,930,973. The firm has a market capitalization of $15,010.00, a PE ratio of 16.46, a PEG ratio of 3.65 and a beta of 0.38. Campbell Soup Company has a 12 month low of $44.99 and a 12 month high of $64.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.79 and a quick ratio of 0.42.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. equities research analysts forecast that Campbell Soup Company will post 3.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.44%.
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In other news, Director Charles R. Perrin sold 2,304 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $46.46, for a total value of $107,043.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luca Mignini purchased 4,300 shares of Campbell Soup stock in a transaction dated Wednesday, September 27th. The stock was bought at an average price of $46.47 per share, with a total value of $199,821.00. Following the acquisition, the insider now directly owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The disclosure for this purchase can be found here. 37.20% of the stock is owned by corporate insiders.
Campbell Soup Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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